- Photos
- 1 of 6
Multifamily For Sale • 5,000 SF
| Fantastic Light & Air: 120 feet of corner frontage provides significant light and air, allowing for efficient unit layouts. |
| Fully Free-Market: The property was converted from a 4-family to an 8-family, via an alteration 1, and never regulated by DHCR. |
| Transportation Accessibility: 2-blocks to the Wilson Avenue L-train, providing access to North Bushwick, Williamsburg and Manhattan within 25 minutes. |
| Protected Tax Class: 2A Tax Class limits tax increase to no more than 8% a year or 30% over 5 years. |
| Low Maintenance: Building has been renovated and meticulously maintained, with no need for short-term capital improvements. |
| Cap Rate: | 6.55 % |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) | 2 min | - | 1.3 mi |
| Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) | 8 min | - | 2.7 mi |
| Transit/Subway | Drive | Walk | Distance |
| Wilson Avenue (L - New York MTA Subway (The Subway)) | 1 min | 5 min | 0.3 mi |
| Chauncey Street (J - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway)) | 1 min | 8 min | 0.5 mi |
| Bushwick Avenue-Aberdeen Street (L - New York MTA Subway (The Subway)) | 1 min | 11 min | 0.6 mi |
| Halsey Street (L Line) (L - New York MTA Subway (The Subway)) | 2 min | 13 min | 0.7 mi |
| Halsey Street (J Line) (J - New York MTA Subway (The Subway)) | 1 min | 13 min | 0.7 mi |
| Airport | Drive | Walk | Distance |
| Laguardia | 17 min | - | 7.7 mi |
| John F Kennedy International | 17 min | - | 10.8 mi |
| Newark Liberty International | 34 min | - | 18.2 mi |
DJ Johnston
Matthews Real Estate Investment Services
DJ Johnston
Matthews Real Estate Investment Services
